INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
NYSE:IIPR - New York Stock Exchange, Inc. - US45781V1017 - REIT - Currency: USD
Overall IIPR gets a fundamental rating of 7 out of 10. We evaluated IIPR against 129 industry peers in the Diversified REITs industry. IIPR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on IIPR. This makes IIPR very considerable for value investing!
1. Profitability
1.1 Basic Checks
IIPR had positive earnings in the past year.
IIPR had a positive operating cash flow in the past year.
IIPR had positive earnings in each of the past 5 years.
Each year in the past 5 years IIPR had a positive operating cash flow.
1.2 Ratios
IIPR has a Return On Assets of 6.66%. This is amongst the best in the industry. IIPR outperforms 97.62% of its industry peers.
The Return On Equity of IIPR (8.20%) is better than 82.54% of its industry peers.
IIPR's Return On Invested Capital of 6.11% is amongst the best of the industry. IIPR outperforms 96.03% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IIPR is above the industry average of 3.11%.
The 3 year average ROIC (5.81%) for IIPR is below the current ROIC(6.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 8.2% | ||
| ROIC | 6.11% |
ROA(3y)6.16%
ROA(5y)5%
ROE(3y)7.68%
ROE(5y)6.24%
ROIC(3y)5.81%
ROIC(5y)4.73%
1.3 Margins
IIPR has a better Profit Margin (51.34%) than 96.83% of its industry peers.
IIPR's Profit Margin has improved in the last couple of years.
IIPR has a better Operating Margin (56.05%) than 94.44% of its industry peers.
IIPR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 90.98%, IIPR belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
IIPR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.05% | ||
| PM (TTM) | 51.34% | ||
| GM | 90.98% |
OM growth 3Y-1.83%
OM growth 5Y9.51%
PM growth 3Y-1.28%
PM growth 5Y7.19%
GM growth 3Y-1.33%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IIPR is destroying value.
IIPR has more shares outstanding than it did 1 year ago.
IIPR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IIPR is higher compared to a year ago.
2.2 Solvency
IIPR has an Altman-Z score of 2.77. This is not the best score and indicates that IIPR is in the grey zone with still only limited risk for bankruptcy at the moment.
IIPR's Altman-Z score of 2.77 is amongst the best of the industry. IIPR outperforms 96.83% of its industry peers.
IIPR has a debt to FCF ratio of 1.59. This is a very positive value and a sign of high solvency as it would only need 1.59 years to pay back of all of its debts.
The Debt to FCF ratio of IIPR (1.59) is better than 99.21% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that IIPR is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.15, IIPR belongs to the best of the industry, outperforming 98.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 2.77 |
ROIC/WACC0.72
WACC8.5%
2.3 Liquidity
IIPR has a Current Ratio of 1.04. This is a normal value and indicates that IIPR is financially healthy and should not expect problems in meeting its short term obligations.
IIPR has a worse Current ratio (1.04) than 60.32% of its industry peers.
IIPR has a Quick Ratio of 1.04. This is a normal value and indicates that IIPR is financially healthy and should not expect problems in meeting its short term obligations.
IIPR has a Quick ratio (1.04) which is in line with its industry peers.
The current and quick ratio evaluation for IIPR is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The earnings per share for IIPR have decreased by -4.50% in the last year.
The Earnings Per Share has been growing by 52.05% on average over the past years. This is a very strong growth
Looking at the last year, IIPR shows a small growth in Revenue. The Revenue has grown by 3.36% in the last year.
Measured over the past years, IIPR shows a very strong growth in Revenue. The Revenue has been growing by 83.69% on average per year.
EPS 1Y (TTM)-4.5%
EPS 3Y21.46%
EPS 5Y52.05%
EPS Q2Q%-5.52%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y38.34%
Revenue growth 5Y83.69%
Sales Q2Q%-1.67%
3.2 Future
IIPR is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.21% yearly.
The Revenue is expected to decrease by -0.61% on average over the next years.
EPS Next Y-1.54%
EPS Next 2Y-0.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.1%
Revenue Next 2Y-3.18%
Revenue Next 3Y-0.61%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.26 indicates a correct valuation of IIPR.
IIPR's Price/Earnings ratio is rather cheap when compared to the industry. IIPR is cheaper than 90.48% of the companies in the same industry.
IIPR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.28.
Based on the Price/Forward Earnings ratio of 12.74, the valuation of IIPR can be described as correct.
98.41% of the companies in the same industry are more expensive than IIPR, based on the Price/Forward Earnings ratio.
IIPR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 91.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.26 | ||
| Fwd PE | 12.74 |
4.2 Price Multiples
94.44% of the companies in the same industry are more expensive than IIPR, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, IIPR is valued cheaply inside the industry as 91.27% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.06 | ||
| EV/EBITDA | 8.32 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.25
EPS Next 2Y-0.21%
EPS Next 3YN/A
5. Dividend
5.1 Amount
IIPR has a Yearly Dividend Yield of 11.29%, which is a nice return.
The stock price of IIPR dropped by -47.76% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 18.24, IIPR pays a better dividend. On top of this IIPR pays more dividend than 92.06% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, IIPR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.29% |
5.2 History
On average, the dividend of IIPR grows each year by 35.88%, which is quite nice.
IIPR has been paying a dividend for over 5 years, so it has already some track record.
As IIPR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)35.88%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
131.41% of the earnings are spent on dividend by IIPR. This is not a sustainable payout ratio.
The Dividend Rate of IIPR has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP131.41%
EPS Next 2Y-0.21%
EPS Next 3YN/A
INNOVATIVE INDUSTRIAL PROPER
NYSE:IIPR (1/30/2025, 1:54:41 PM)
73.2
+6.86 (+10.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.54%
Inst Owner Change3.27%
Ins Owners1.48%
Ins Owner Change-1.87%
Market Cap2.07B
Analysts52.31
Price Target118.73 (62.2%)
Short Float %5.97%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.29% |
Yearly Dividend7.27
Dividend Growth(5Y)35.88%
DP131.41%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.15%
Min EPS beat(2)-7.16%
Max EPS beat(2)0.86%
EPS beat(4)2
Avg EPS beat(4)-3.05%
Min EPS beat(4)-7.16%
Max EPS beat(4)1%
EPS beat(8)6
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)-0.49%
EPS beat(16)10
Avg EPS beat(16)-0.69%
Revenue beat(2)1
Avg Revenue beat(2)-1.19%
Min Revenue beat(2)-3.05%
Max Revenue beat(2)0.66%
Revenue beat(4)2
Avg Revenue beat(4)-1.73%
Min Revenue beat(4)-6%
Max Revenue beat(4)1.45%
Revenue beat(8)5
Avg Revenue beat(8)-0.05%
Revenue beat(12)8
Avg Revenue beat(12)0.04%
Revenue beat(16)11
Avg Revenue beat(16)0.13%
PT rev (1m)-14.03%
PT rev (3m)-14.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.46%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-1.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.26 | ||
| Fwd PE | 12.74 | ||
| P/S | 6.67 | ||
| P/FCF | 11.06 | ||
| P/OCF | 7.78 | ||
| P/B | 1.07 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 8.32 |
EPS(TTM)5.52
EY7.54%
EPS(NY)5.75
Fwd EY7.85%
FCF(TTM)6.62
FCFY9.04%
OCF(TTM)9.41
OCFY12.86%
SpS10.98
BVpS68.71
TBVpS68.41
PEG (NY)N/A
PEG (5Y)0.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 8.2% | ||
| ROCE | 7.73% | ||
| ROIC | 6.11% | ||
| ROICexc | 6.53% | ||
| ROICexgc | 6.65% | ||
| OM | 56.05% | ||
| PM (TTM) | 51.34% | ||
| GM | 90.98% | ||
| FCFM | 60.28% |
ROA(3y)6.16%
ROA(5y)5%
ROE(3y)7.68%
ROE(5y)6.24%
ROIC(3y)5.81%
ROIC(5y)4.73%
ROICexc(3y)6.1%
ROICexc(5y)5.03%
ROICexgc(3y)6.13%
ROICexgc(5y)5.05%
ROCE(3y)7.36%
ROCE(5y)5.98%
ROICexcg growth 3Y22.2%
ROICexcg growth 5Y31.49%
ROICexc growth 3Y22.09%
ROICexc growth 5Y31.39%
OM growth 3Y-1.83%
OM growth 5Y9.51%
PM growth 3Y-1.28%
PM growth 5Y7.19%
GM growth 3Y-1.33%
GM growth 5Y-0.98%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 113.78% | ||
| Cap/Sales | 25.49% | ||
| Interest Coverage | 11.15 | ||
| Cash Conversion | 109.33% | ||
| Profit Quality | 117.41% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 2.77 |
F-Score5
WACC8.5%
ROIC/WACC0.72
Cap/Depr(3y)904.7%
Cap/Depr(5y)1722.79%
Cap/Sales(3y)190.99%
Cap/Sales(5y)359.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.5%
EPS 3Y21.46%
EPS 5Y52.05%
EPS Q2Q%-5.52%
EPS Next Y-1.54%
EPS Next 2Y-0.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.36%
Revenue growth 3Y38.34%
Revenue growth 5Y83.69%
Sales Q2Q%-1.67%
Revenue Next Year0.1%
Revenue Next 2Y-3.18%
Revenue Next 3Y-0.61%
Revenue Next 5YN/A
EBIT growth 1Y1.75%
EBIT growth 3Y35.81%
EBIT growth 5Y101.16%
EBIT Next Year41.4%
EBIT Next 3Y11.14%
EBIT Next 5YN/A
FCF growth 1Y136.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.74%
OCF growth 3Y32.12%
OCF growth 5Y74.71%